PackageTrendsPeer
Letter portraitLegal landscape

Florida Publishing Co. Emp

Jacksonville, FL · Charter 18506

Q1 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2008, the quarter ended March 31, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Florida Publishing Co. Emp

Jacksonville, FL · Charter 18506

Q1 2008

$1.2MAssets
$782KLoans
$932KShares
$259KNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -0.92%, down 30 bps year over year; NIM at 6.25%.
  • Asset quality: problem loans at 0.86% of loans (+24 bps YoY).
  • Capital: net worth / assets of 21.62%, up 215 bps from a year ago.
  • Funding: loans stand at 83.87% of shares as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.92%-30 bps YoY

Net Interest Margin (YTD, annualized)

6.25%+36 bps YoY

Efficiency Ratio (YTD, annualized)

112.60%+306 bps YoY

Net Worth / Assets

21.62%+215 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets-0.62%0.13%0.02%-0.14%-0.92%-30 bps
Return on Equity-3.19%0.67%0.11%-0.64%-4.28%-108 bps
Net Interest Margin5.88%5.75%5.80%6.84%6.25%+36 bps
Efficiency Ratio109.54%98.07%99.69%100.48%112.60%+306 bps
Growth
Asset Growth (YoY)-16.75%-14.80%-13.20%-10.44%-10.76%+599 bps
Loan Growth (YoY)1.25%-1.44%0.60%-7.70%-9.01%-1,026 bps
Share Growth (YoY)-20.08%-18.07%-15.91%-12.97%-13.22%+686 bps
Asset Quality
Delinquent Loans / Loans0.62%0.91%0.00%1.70%0.86%+24 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.52%1.27%0.40%0.66%0.78%-75 bps
Capital
Risk-Based Capital19.47%19.64%19.15%22.26%21.62%+215 bps
Net Worth / Assets19.47%19.64%19.15%22.26%21.62%+215 bps
Liquidity & Funding
Loans / Shares79.99%81.53%77.18%92.91%83.87%+388 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps